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Kengen success
Rank: Hello Joined: 5/18/2016 Posts: 2
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this is gonna be a long haul cruise, but still I think staying back and doing nothing about your allotted rights will be just as disastrous since either way you are going to face dilution. you'd rather float them chances might be they will be taken up by long term speculators.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,590
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sparkly wrote:sparkly wrote:hisah wrote:Sufficiently Philanga....thropic wrote:A much clearer cartoon  Rising volumes with falling prices. RSI, Bollinger bands all pointing to overselling.  @sparkly, hope you are holding out long term. We still have the Oct 2016 date when we review KEGN again. My target is 4/- with the rights issue thrown into the dustbin! Got myself some more at 5.50 yesterday. My bid for another lot at 5.00 today didn't go through. I keep on buying as the sellers capitulate. I have a feeling that rights will be priced way above 5.50 so i am having my rights right now. Time for review. Doubled my holdings at 5.50 and thereabouts. Since the rights price is confirmed at 6.55, I will only be taking half of my allotted rights. Not keen to allocate too much of my networth in Kengen so i will sell the remaining half of the rights in the market. Glad you see the wisdom in not allocating too much capital here. Look at the annual report and see how much they spend on employee expenses 4.2b and then under operating expenses welfare and benefits 346m, under related party transaction staff advances 103m. This is an employee welfare scheme.  As an equity holder i want a dividend yield slightly below the 91 day tbill
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Should we expect another hold,6.50 prints before the game starts making it a monkey business ,mr market is fearless. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 9/30/2013 Posts: 254
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why buy the rights at a price higher than in the market
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Sub rights price before May 23rd! @sparkly this is what I was scoping if they did a dilutive rights. KQ 2012 all over again... Let's see where the price will be in Oct 2016 for our review. I think my 4.00 call was generous! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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mthaka wrote:why buy the rights at a price higher than in the market
the winners are the poor rights advisers,the shareholders save yourself "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:Sub rights price before May 23rd!
@sparkly this is what I was scoping if they did a dilutive rights. KQ 2012 all over again... Let's see where the price will be in Oct 2016 for our review. I think my 4.00 call was generous! Precisely senior chartist. It is more of an IPO, so dilutive, gava conveniently staying " converting debt to equity" the eps valuations of recent reporting are to fatten the cow. Besides it has historically traded at a low pe same as kplc The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 7/20/2012 Posts: 141
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hisah wrote:Sub rights price before May 23rd!
@sparkly this is what I was scoping if they did a dilutive rights. KQ 2012 all over again... Let's see where the price will be in Oct 2016 for our review. I think my 4.00 call was generous! The price will surely spike up before the elections, someone has to make some campaign money. Hoping to ride upto that point.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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h2s wrote:hisah wrote:Sub rights price before May 23rd!
@sparkly this is what I was scoping if they did a dilutive rights. KQ 2012 all over again... Let's see where the price will be in Oct 2016 for our review. I think my 4.00 call was generous! The price will surely spike up before the elections, someone has to make some campaign money. Hoping to ride upto that point. hoping against hope. so how do I put figures in this hope investing strategy. pesa ya campaign ndio tunakula xaxa, Na wale awajatengeza, hela ndio imekwa NSE na inachujwa ikitoka bila huruma. kutamalizwa. bliririr hope somebody sold in time, otherwise alsoalrite ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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The rights issue is already a success because of GOK's undertaking. The less the subscription the less the dilution and the more the value. Kengen at current prices is a steal for anyone holding for the next five year cycle. Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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guru267 wrote:The rights issue is already a success because of GOK's undertaking. The less the subscription the less the dilution and the more the value.
Kengen at current prices is a steal for anyone holding for the next five year cycle. where do you thing the govt rights will go going forward if not continuing to offload and dilute it in future.I agree its a steal from the shareholder "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 11/13/2015 Posts: 1,590
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guru267 wrote:The rights issue is already a success because of GOK's undertaking. The less the subscription the less the dilution and the more the value.
Kengen at current prices is a steal for anyone holding for the next five year cycle. In five years kengen will need to do another rights issue to balance the debt:equity so you end up with another massive dilution. This is a stock for pension schemes for the retail guy just trade it
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Rank: Member Joined: 1/31/2007 Posts: 303
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guru267 wrote:The rights issue is already a success because of GOK's undertaking. The less the subscription the less the dilution and the more the value.
Kengen at current prices is a steal for anyone holding for the next five year cycle. These are my thoughts too..
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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moneydust wrote:guru267 wrote:The rights issue is already a success because of GOK's undertaking. The less the subscription the less the dilution and the more the value.
Kengen at current prices is a steal for anyone holding for the next five year cycle. These are my thoughts too.. even those who refused to sell at 40 thought so "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 7/21/2014 Posts: 100 Location: Ghana
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@All
Before Right Kengen is already 6.55
Rights Price is 6.55.
It is absolute ignorance to take up your rights of 2 for 1 at 6.55 WHERAS you can comfotably buy more units post rights at between 3.00 to 4.00 bob .
This is the plain truth. Recall what happened recently to HFCK rights.
A reasonable word not sentiments is enough for the wise.
Save your cash to get more units post rights at a far cheaper rate(transaction costs inclusive).
You will definately thank me later.
Note:- Kengen is a good stock, the timing is bad,the mood of the market is BEARISHNESS.
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Rank: Member Joined: 2/28/2014 Posts: 188 Location: Nairobi
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Realcement wrote:@All
Before Right Kengen is already 6.55
Rights Price is 6.55.
It is absolute ignorance to take up your rights of 2 for 1 at 6.55 WHERAS you can comfotably buy more units post rights at between 3.00 to 4.00 bob .
This is the plain truth. Recall what happened recently to HFCK rights.
A reasonable word not sentiments is enough for the wise.
Save your cash to get more units post rights at a far cheaper rate(transaction costs inclusive).
You will definately thank me later.
Note:- Kengen is a good stock, the timing is bad,the mood of the market is BEARISHNESS. I don't know 4 bob seems so far fetched...Post rights Kengen EPS will be 1.86, shares with such an EPS (some even lower than it) are all trading above 6 bob...safaricom has an EPS 0.95 for example Offering my personal finance knowledge for free
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Rank: Hello Joined: 11/29/2015 Posts: 7 Location: Kenya. Iraq
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wukan wrote:sparkly wrote:sparkly wrote:hisah wrote:Sufficiently Philanga....thropic wrote:A much clearer cartoon Rising volumes with falling prices. RSI, Bollinger bands all pointing to overselling. @sparkly, hope you are holding out long term. We still have the Oct 2016 date when we review KEGN again. My target is 4/- with the rights issue thrown into the dustbin! Got myself some more at 5.50 yesterday. My bid for another lot at 5.00 today didn't go through. I keep on buying as the sellers capitulate. I have a feeling that rights will be priced way above 5.50 so i am having my rights right now. Time for review. Doubled my holdings at 5.50 and thereabouts. Since the rights price is confirmed at 6.55, I will only be taking half of my allotted rights. Not keen to allocate too much of my networth in Kengen so i will sell the remaining half of the rights in the market. Glad you see the wisdom in not allocating too much capital here. Look at the annual report and see how much they spend on employee expenses 4.2b and then under operating expenses welfare and benefits 346m, under related party transaction staff advances 103m. This is an employee welfare scheme. As an equity holder i want a dividend yield slightly below the 91 day tbill @sparkly Will the rights be renounceable rights(sellable) if i am using the right word? Thinks that will be great if they are.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mlennyma wrote:guru267 wrote:The rights issue is already a success because of GOK's undertaking. The less the subscription the less the dilution and the more the value.
Kengen at current prices is a steal for anyone holding for the next five year cycle. where do you thing the govt rights will go going forward if not continuing to offload and dilute it in future.I agree its a steal from the shareholder I see Kengen's net profit hitting KES 20Bn in the next 4 years without any further dilution.. Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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the_scriptor wrote:wukan wrote:sparkly wrote:sparkly wrote:hisah wrote:Sufficiently Philanga....thropic wrote:A much clearer cartoon Rising volumes with falling prices. RSI, Bollinger bands all pointing to overselling. @sparkly, hope you are holding out long term. We still have the Oct 2016 date when we review KEGN again. My target is 4/- with the rights issue thrown into the dustbin! Got myself some more at 5.50 yesterday. My bid for another lot at 5.00 today didn't go through. I keep on buying as the sellers capitulate. I have a feeling that rights will be priced way above 5.50 so i am having my rights right now. Time for review. Doubled my holdings at 5.50 and thereabouts. Since the rights price is confirmed at 6.55, I will only be taking half of my allotted rights. Not keen to allocate too much of my networth in Kengen so i will sell the remaining half of the rights in the market. Glad you see the wisdom in not allocating too much capital here. Look at the annual report and see how much they spend on employee expenses 4.2b and then under operating expenses welfare and benefits 346m, under related party transaction staff advances 103m. This is an employee welfare scheme. As an equity holder i want a dividend yield slightly below the 91 day tbill @sparkly Will the rights be renounceable rights(sellable) if i am using the right word? Thinks that will be great if they are. They are sellable Life is short. Live passionately.
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Rank: Member Joined: 7/21/2014 Posts: 100 Location: Ghana
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FINAL TIME
Let me emphasize and inform all of you that it is better to buy KENGEN at cheaper price after dilusion rather than the rights at 6.55.
Friday closing is even lower at 6.50.
There is no way KENGEM will not be below 4.00 bob between July and october.
It is however a reliable long term play (3 - 5 years) as EPS will be accelerating as more geothermal and other power sources is added to the national grid 2017 - 2020.
Do not say I did not tell you ?
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